Social Security Idea
A caller to Brian Sussman's show on KSFO last night had what seems to be a good idea.
The proposal is to allow people of retirement age the option of continuing to work as long as they want, but tax-free. Since they are working, they would receive no Social Security benefits. Obviously this would not apply to any funds in a private account.
Since they weren't going to be paying taxes anyway, there's no negative impact on revenues. Employers gain experienced help at a bargain. Seasoned Citizens get a whopping raise. And even if only a few percent take advantage for a few years, it could go a long way toward offsetting the shortfall.
I'm not qualified to analyze the proposal in detail, but it intuits well. So I'm askin' ya: What do you think?